Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lumentum (LITE) , which belongs to the Zacks Lasers Systems and Components industry, could be a great candidate to consider.This optical networking products maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 69.23%.For th ...

Lumentum (LITE) , known for its laser technologies and applications, has been demonstrating remarkable momentum with its shares surging 70.4% in the past six months, outperforming the broader Zacks Computer and Technology sector’s return of 6.6%. Over the same time frame, it also outperformed the Lasers Systems and Components industry and its peers, including IPG Photonics (IPGP) and Microvision (MVIS) .In the past six months, shares of MVIS have gained 28.6%, while shares of IPGP have lost 17.4%. The indus ...

Following my coverage on Lumentum Holdings (NASDAQ: LITE ) in Oct 2024, which I recommended a buy rating due to the strong growth potential and positive developments, this post is to provide an update on my thoughts on the business andI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a p ...

In this analysis, we covered Lumentum Holdings Inc. (NASDAQ: LITE ), a communication equipment manufacturer in optical and photonic products with a historical 5-year CAGR of -2.78%. Despite its weak historical revenue growth, there are expectations of accelerating growth in 2025 and 2026 atKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and ind ...

LOS ANGELES, CALIFORNIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is reporting that California Nanotechnologies Corp. (“Cal Nano”; TSXV: CNO) has fully paid off the outstanding debt owed to the Company aggregating approximately US$600,000, comprised of principal and interest related to the loan and promissory note previously advanced to Cal Nano. Accordingly, the debt repayment will result in an increase to the Company’s cash position, a ...

Q1 FY25 Conference Call November 7, 2024 / LUMENTUM Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding: our belief and expectations with respect to our strategies, our technology, any anticipation or guidance as to demand for our products and technology from our customers, including drivers of that ...

Core Viewpoint - Lumentum Holdings has experienced a significant rebound in stock price following its fiscal fourth-quarter earnings report, despite reporting a year-on-year revenue decline and an operating loss in GAAP terms [1][2]. Financial Performance - Lumentum reported a revenue of $308.3 million for Q4 FY24, down 16.9% year-on-year, with a non-GAAP earnings of $0.06 per share and a GAAP diluted net loss of $3.72 per share [2][3]. - The company’s revenue from the cloud and networking segment was $254.7 million, down from $286.5 million in Q4 FY23, while industrial tech revenue was $53.6 million, down from $84.3 million in the same period [3]. Segment Insights - The cloud and networking segment showed a profit margin of 10.1% in Q4 FY24, down from 17.7% in Q4 FY23, indicating a decline in profitability [3]. - Lumentum is focusing on expanding its cloud customer base and scaling up component and module capacity for AI solutions, which is expected to drive future growth [2][3]. Future Guidance - For Q1 FY25, Lumentum is guiding net revenue between $315 million and $335 million, with a non-GAAP operating margin projected to be between 0% and 3% [4][5]. - Management anticipates improved gross margins due to better manufacturing utilization driven by an improved telecom outlook and increased Datacom laser shipments [4][5]. Market Opportunities - The company sees Datacom as a potential revenue driver, with initial shipments from Thailand expected to start in the current quarter [7]. - Telecom demand is recovering faster than expected, with strong demand for new ROADM products and initial shipments of Coherent components [8]. Competitive Positioning - Lumentum is viewed favorably in terms of valuation compared to peers like Infinera and F5, although it has underperformed in stock momentum [9].

Lumentum Holdings Inc. LITE shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock. On Wednesday, the company reported net revenue of $308.3 million, beating the consensus of $300.8 million, and adjusted EPS of $0.06, which surpassed the street view of $0.03. Lumentum expects first-quarter net revenue of $315 million – $335 million (vs. consensus of $312.57 million), adjusted operating margin of 0% – 3%, and adjusted EPS of $0.07 ...

Q4 FY24 Financial Performance - Q4 revenue was $308.3 million, exceeding the midpoint of guidance[1,5] - Non-GAAP EPS was $0.06, also above the guidance midpoint[1,5] - GAAP gross margin was 51.3%[4] - Non-GAAP gross margin was 32.2%[5] - GAAP operating loss was $(133.4) million, representing (43.3%) of revenue[4] - Non-GAAP operating loss was $(0.8) million, representing (0.3%) of revenue[5] Segment Performance - Cloud & Networking revenue was $254.7 million[6] - Industrial Tech revenue was $53.6 million[6] Q1 FY25 Guidance - Revenue is projected to be between $315 million and $335 million[8] - Operating margin is expected to be between 0% and 30%[8] - Diluted EPS is anticipated to be between $0.07 and $0.17[8]

Financial Data and Key Metrics Changes - In Q4, the company reported revenue of $308.3 million and non-GAAP EPS of $0.06, exceeding the midpoint of guidance ranges [20] - GAAP gross margin for Q4 was 16.6%, with a GAAP operating loss of 43.3% and a GAAP diluted net loss per share of $3.72, primarily due to restructuring charges and amortization of acquired intangibles [20][21] - For the full fiscal year 2024, net revenue was $1.36 billion, down 23.1% from fiscal 2023, with a GAAP gross margin of 18.5% [24] Business Line Data and Key Metrics Changes - The cloud and networking segment revenue in Q4 was $254.7 million, down 18.8% sequentially and 11.1% year-over-year [26] - The industrial tech segment revenue was $53.6 million, up 1.7% sequentially but down 36.4% year-over-year [26] Market Data and Key Metrics Changes - The company experienced a 19% sequential decline and an 11% year-over-year decline in the cloud and networking segment, attributed to soft overall demand for telecom products [14] - There was an increase in shipments for narrow line tunable lasers used in 400 ZR modules, indicating a potential recovery in the traditional networking market [15] Company Strategy and Development Direction - The company is focusing on expanding its customer base in the data center market, scaling up production capacity outside of China, and executing differentiated technology roadmaps [6][7] - A three-pronged strategy is being implemented to grow the cloud business, including expanding customer base, increasing manufacturing capacity, and delivering innovative technologies [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a quarterly revenue target of $500 million by the end of calendar 2025, driven by strong demand in the cloud and AI sectors [19] - The company anticipates continued strong EML shipments throughout fiscal 2025 and into fiscal 2026, supported by record orders for Datacom chips [9][19] Other Important Information - The company invested $43 million in Indium Phosphide wafer fab facilities in Q1 and plans to continue investing to meet growing demand [11] - A valuation allowance of $139.8 million was recorded for U.S. deferred tax assets due to historical GAAP losses [20][21] Q&A Session Summary Question: Can you provide more details about the new customer announcement? - Management indicated that the new customer is significant, but specifics were not disclosed. The run rate will depend on execution and customer engagement [32][33] Question: What is the outlook for Datacom revenue between Q4 and Q1? - Management noted that while telecom is expected to grow, Datacom revenue is in a transition phase, and Q4 to Q1 numbers are expected to be depressed [34] Question: Can you discuss capacity and ramp timing for chips and transceivers? - Management confirmed record bookings for the chip business and expects incremental capacity in the first half of calendar 2025, with initial shipments from Thailand starting in Q1 [35][36] Question: What is the status of the telecom business recovery? - Management acknowledged existing inventory challenges but noted strength in new products and anticipated growth in telecom shipments [38] Question: Can you clarify the difference between an award and a qualification? - Management explained that an award indicates a commitment from a customer, while qualification involves meeting specific performance standards before revenue can be generated [51][52] Question: What is the timing for the 1.6 terabit transceivers? - Management is focused on providing high-quality samples and expects to ramp production as customer needs arise, with multiple designs in progress [55] Question: How will gross margins progress into fiscal 2025? - Management expects gross margins to improve due to better manufacturing utilization and increased Datacom shipments [57]